There are two possible patterns for Monday
A. Continues down from the Weekly 50% level towards the Daily & Weekly lows @ 1293 (support)
B. The S&P remains within the Daily blue channels:- resistance 1326.50
S&P Weekly and Daily range.
My view was that this week would begin with some selling, as part of an attraction towards the monthly 50% levels in March.
This was set-up nicely on Monday, with price rising up into the resistance zone of 1326.50.
However, the S&P followed #2, and remained within the daily channels.
- Daily Trading Set-ups & Analysis
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